Reuters Market Eye - Credit Suisse upgrades Bharat Petroleum Corp Ltd
The investment bank says current share price reflects export parity pricing implementation, which should provide a floor to valuations.
"Oil marketing companies can have upside to retail price increases, commodity correction, a milder export-parity-pricing outcome and potential policy clarity," it says in a report on Wednesday.
Credit Suisse also upgrades Hindustan Petroleum Corp Ltd
(Reporting by Abhishek Vishnoi)